Preventive Maintenance is a proactive approach to maintaining equipment and systems to prevent unexpected failures. By performing regular inspections and servicing, organizations can extend the lifespan of their assets and reduce downtime, ultimately saving costs in the long run. This strategy involves scheduling maintenance tasks based on time intervals or usage metrics, ensuring that potential issues are addressed before they escalate. Common practices include lubrication, filter changes, and calibration, which help maintain optimal performance and safety standards across various industries.